A bond that pays large coupons over its life. This bond typically sells at par, while the holder receives a...

With respect to convertible bonds, it is the principal amount divided by the bond's conversion ratio, which is actually the...

A bond that is issued for the sake of refinancing an existing bond issue before maturity. The proceeds from the...

A credit (in the form of loans, bonds, etc) that fills in the cusp between an investment-grade credit and a...

A tranche that is created from the collateral tranche (in a CMO structure), and whose coupon rate is inversely related...

A turbo certificate (knock-out certificate) in which the knock-out barrier (KO barrier) is set equal to the strike price. If...

A preferred stock whose dividend is readjusted at specified periods based, for example, on the maximum of a set of...

A type of floating-rate preferred stock whose dividend payments are determined at periodic auctions carried out by the issuer rather...

A type of floating-rate preferred stock whose dividend payments are determined at periodic auctions carried out by the issuer rather...

The reference rate which is used to calculate the premium that a bond buyer will pay. Adding a spread to...